Farm Energy Working Group

Promoting energy efficiency and renewable energy practices to meet the needs of Iowa's small to mid-sized farm operations

One Stop Shop: EE-RE Tax Incentives

(Energy Efficiency-Renewable Energy)


Federal Tax Credits
(residential - small wind, solar electric, solar hot water, geothermal)

Tax Credit: 30% of cost with no upper limit
Expires: December 31, 2016
Details: Existing homes & new construction qualify. Both principle residences and second homes qualify. Rentals do not qualify.
Federal tax credits for energy efficiency equipment like furnaces, air conditioners, etc. expired in 2011.

Go to EnergyStar now >



Iowa Solar Tax Credit

Eligible technologies for residential and business include solar photovoltaics (solar electric) and solar thermal (hot water for dish washing, dairy farms). The solar energy system must be placed in service on or after Jan. 1, 2012, but before Jan. 1, 2017. Maximum available: $1.5 million/ calendar year.

The credit is computed as follows:

50% of the federal residential solar energy credit not to exceed $3,000;
50% of the federal business solar energy credit not to exceed $15,000.

Application form to reserve the solar energy tax credit must be filled out and sent to the Iowa Dept. of Revenue. 
More at Iowa Department of Revenue >
 
To find Iowa businesses that install solar technologies visit Iowa Solar/Small Wind Energy Trade Association (ISETA)
Solar & wind calculators from the Iowa Energy Center found here >
 



DSIRE (Database of Incentives for Renewables and Efficiency)

Click on Iowa and look for the links below to get agricultural information
Renewable Energy Production Tax Credits (Corporate)
Solar Energy Systems Tax Credit (Corporate)
 



Iowa Renewable Energy Production Tax Credit (agricultural)

Note: Systems must be for personal use and be 2 megawatts or above - This is not for small systems like 2.5 Kw for farm energy production.

For more information, contact Iowa Utility Board, Brenda Biddle at (515) 725-7305 or John Pearce at (515)725-7343.